Drilling Report

RNS Number : 2572O

Galantas Gold Corporation

15 September 2011

GALANTAS GOLD CORPORATION

TSXV & AIM : Symbol GAL

GALANTAS REPORTS STRONG GOLD INTERSECTS ON JOSHUA VEIN AT OMAGH PROPERTY

DATE: 15th September 2011

Galantas Gold Corporation, the gold mine producer and explorer in Northern Ireland, reports today that its 100% operating subsidiary, Omagh Minerals Ltd (OML) has identified significant gold intersections in drilling on its Omagh, County Tyrone property.

Joshua Vein

Assay of Mineralised Intersect

Hole number

easting

northing

dip

azimuth

Intersect

Width

Estimated

True

Width

Intersect

Vertical

Depth

Gold / Au

Silver / Ag

Lead / Pb

OM-DD-11-54

239624.689

including

370892.554

45°

95.5°

3.6 m

0.35 m

2.5 m

0.24 m

27 m

5.4 g/t

21.92 g/t

13.3 g/t

0.04%

OM-DD-11-63

239699.726

including

370783.218

45°

279.4°

5.3 m

1.5 m

3.7 m

1.05 m

8 m

14.9 g/t

26.56 g/t

37.0 g/t

1.88%

OM-DD-11-65

239679.307

including

370780.236

50°

90°

1.95 m

0.65 m

1.5 m

0.5 m

14 m

4.8 g/t

10.48 g/t

31.8 g/t

3.68%

OM-DD-11-70

239668.354

including

370756.528

45°

86.55°

1 m

0.7 m

0.49 m

22 m

18.6 g/t

23.2 g/t

74.7 g/t

3.8%

The drilling was carried out on the Joshua vein, on land owned by OML. Three of the holes were on the southern part of the vein with one hole (no.54) to the north. Further drilling, with some channel sampling, has been carried out on the Joshua vein and results will be reported when received. The drill holes were HQ size and drilled using a triple tube method to maximise recovery. Core loss, due to friable material in the sampled mineralised sections, were 49%, 47%, 49% and 30% respectively. The true width of each intersect has been estimated assuming a vertical vein, with the vertical depth of the reported intersect being at the top of the mineralised interval.

The drilling program was recently expanded to 15,000 metres drilling and is initially focused on the expansion of resources on veins close to the existing, operating, open pit gold mine.

The samples were taken by geological staff under the supervision of R.Phelps C.Eng MIMM, (President & CEO, Galantas Gold Corporation), the Qualified Person for the program. Sampling methodology, security & verification followed standard procedures previously detailed on April 5th 2006 and the samples were analysed (gold by fire assay and other metals by ICP-ORE) at OMAC Laboratory Ltd (an independent, ISO 17025 laboratory) of Galway, Ireland.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including drilling intersections and analyses, for the Omagh Gold project. Forward-looking statements are based on estimates and assumptions made by Galantas in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Galantas believes are appropriate in the circumstances. Many factors could cause Galantas' actual results, the performance or achievements to differ materially from those expressed or implied by the forward looking statements or strategy, including: gold price volatility; discrepancies between actual and estimated production, actual and estimated metal grades and geologically interpreted widths, actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of key employees; additional funding requirements; planning and other permitting issues; and defective title to mineral claims or property. These factors and others that could affect Galantas's forward-looking statements are discussed in greater detail in the section entitled "Risk Factors" in Galantas' Management Discussion & Analysis of the financial statements of Galantas and elsewhere in documents filed from time to time with the Canadian provincial securities regulators and other regulatory authorities. These factors should be considered carefully, and persons reviewing this press release should not place undue reliance on forward-looking statements. Galantas has no intention and undertakes no obligation to update or revise any forward-looking statements in this press release, except as required by law.

Galantas Gold Corporation Issued and Outstanding Shares total 235,650,055.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Enquiries

Galantas Gold Corporation
Jack Gunter P.Eng - Chairman                                                                          Investor Relations Consultant
Roland Phelps C.Eng - President & CEO                                                         Courtenay Heading (Maclir Consulting Ltd)
Email: info@galantas.com                                                           Email : c.heading@Galantas.com
Website: www.galantas.com                                                                           Telephone : (UK) +44 (0) 7624 424 455
Telephone: +44 (0) 2882 241100